German GDP growth decelerates in the third quarter

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/reuters
The pace of economic growth in Germany continued to slow down in the third quarter on threats euro zone crisis possess on the Europe's largest economy. The nation's GDP expanded 0.2% in the time period from July to September on seasonally adjusted basis. Experts say German economy will further contract in Q4, as business climate is worsening, industry orders still tumbling and unemployment increasing. However, healthy consumer sentiment and employment market should help to avert economic recession.
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